The author of “Rich Dad, Poor Dad” issues a dire warning while continuing to purchase Bitcoin (BTC)

Entrepreneur and financial expert Robert Kiyosaki told his audience that the world was becoming worse and that he continued to purchase Bitcoin.

Renowned financial expert Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” has warned his millions of followers on the X social media network about something very important. Kiyosaki added that the previously described rationale is driving him to purchase additional Bitcoin and other safe-haven investments, the value of which he anticipates rising in the near future. “I keep buying more gold, silver, and bitcoin.” According to Kiyosaki, he keeps accumulating gold, silver, and Bitcoin because he believes the US government is driving people into greater poverty. “Our leaders have no regard for you. To his fans, he said, “So you, please take care of you and the people you love.” “Work hard, spend wisely, and save gold, silver, and Bitcoin.” Kiyosaki has been tweeting about the worsening U.S. economic conditions throughout 2023. He made specific remarks about the March crisis that impacted numerous large banks. Among them were Silicon Valley Bank, Silvergate, Signature Bank, and other banks. The latter had experience with multiple cryptocurrency exchanges and Ripple. The American government provided a bailout to all of those banks when they became insolvent.

Kiyosaki anticipates a high price for bitcoin

In addition, Kiyosaki tweeted in June that he thought LoanDepot, a massive mortgage company that was established in 2009, was “hanging on ropes.” The author of “Rich Dad, Poor Dad” went on to say that if the corporation filed for bankruptcy, there would be another major mortgage crisis in 2023. To save those failing institutions, the US Treasury and Federal Reserve continued to print billions of dollars. Financial guru Kiyosaki mentions the government’s removal of the $31.4 trillion ceiling on U.S. debt in the summer, in addition to the crisis in the banking industry. Following that, as many economists and financial experts noted, the debt started to increase alarmingly, with the United States borrowing $1 trillion in the previous quarter and intending to borrow an additional $1.5 trillion in this one as well.

Furthermore, there has been a dramatic deterioration in the Middle East’s geopolitical position. The United States continues to give financial assistance to some regions of the Middle East and Eastern Europe.

Kiyosaki anticipates a high price for bitcoin. Like gold and silver, Kiyosaki thinks that Bitcoin is a safe haven asset, and he predicts that the price of Bitcoin will rise over the coming years. The financial guru claimed in a few recent X postings that even while stocks, bonds, and ETFs are collapsing, he continues to purchase Bitcoin. He did, however, also draw attention to the possibility that Apple stock would be a wise investment and reach all-time highs in the future. Kiyosaki, who is well-known for his pessimistic forecasts this year, stated in a tweet a few weeks ago that the US economy is set to enter a “hard economy” and that the USD has already turned into recycled paper.

He believes that $135,000 will be the “next stop” for Bitcoin in particular. All things considered, he thinks the world’s most popular cryptocurrency will be able to cross the $500,000 price threshold by 2025. As of right now, following a string of recent highs and lows, the price of Bitcoin is $36,485. For the first time in eighteen months, Bitcoin broke beyond the $37,000 barrier on Thursday, but it was unable to stay there.

SHIB Flames As the Mysterious Whale Burns, Jump 1,351% Millions of Shiba Inus

As reported by Shibburn, fervent supporters of Shiba Inu have managed to eliminate a substantial portion of the circulating supply—140,090,900 SHIB meme coins.

That much SHIB was burned in seven deals, the biggest of which moved a staggering 100,000,000 Shiba Inus. 17,988,231 SHIB were carried by the second largest.

The Shibburn website indicates that as of right now, 410,662,414,359,954 Shiba Inu coins have been disposed of by the SHIB army, with an additional 410,662,414,359,954 SHIB being held in staking pools.

Who is supporting the 100 million SHIB burn?

Over the last two weeks, a substantial sum of 550,000,000 SHIB has been transferred to an unspendable wallet in multiple large transactions, as revealed by U.Today earlier this week.

It turned out that the @theshibdream account on the social media platform X was the one who started these burn transfers. On the Layer-2 blockchain Shibarium, the individuals behind this account have started a SHIB Dream collection of non-fungible tokens (NFTs) and have been burning a portion of their sales proceeds.

A few days ago, the SHIB team’s social media marketing specialist—who goes as Lucie on social media—unveiled the burner on the X app. In December 2022, the SHIB VIP Social Network was also introduced by user @theshibdream.

A SHIB official is distributing NFT.

The aforementioned Lucie said on the X app that she would like to hold a competition for one of her followers to win a non-fungible token with a SHIB theme.

Lucie clarified that she had received those NFTs through a giveaway from SHIB Magazine, which had just opened and was giving away NFTs of the magazine covers to the first 1,000 registered readers.

Lucie will now select a happy winner from among those who have commented on her post, mentioning their favourite Shibarium project or a suggestion for a Shibarium NFT. After that, people must follow two Lucie-named SHIB-themed accounts and RT her original post.

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